Business Sense

Like many of us, you may have made some New Year's resolutions regarding health, personal finance or family matters. But there is no reason why a small business shouldn't also resolve to make improvements.

In the New Year, it is the perfect time to make positive changes happen in your company. Some of the obvious issues important to small businesses are Cash Flow, Budgets, and Sales.

Cash flow should be at the top of every small businesses list of priorities. Not having enough cash at the end of the month to cover your expenses is a trap many entrepreneurs experience. They may think they have plenty of sales but don't plan for the possibility of not receiving payment in time to meet their expenses.

Budgeting is another area that small businesses often overlook. Having a sales plan is essential. Without a goal or direction you can easily run the risk of becoming complacent, making you vulnerable to competition.

We recommend the following article that highlights eight smart resolutions that small businesses can make in the New Year to improve their results for 2012.

Archive

NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS

EFFECTIVE JANUARY 1, 2013

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

You are now leaving the Flagship Community Bank website. Flagship Community Bank does not endorse, monitor or review the site you are going to, nor are we responsible for its contents. You should note that the site's privacy and security policies may be different to ours. We recommend that you review their policies, if you want to continue to the site please click OK. To return the the Flagship Community Bank website, please click cancel.